N. Cleveland Park 10 days on market

[Anonymous]

Anonymous wrote:Still available after the weekend and now pushing 3 weeks on the market. What’s up with this place?

People like you are the reason the owners should pull the house off the market and relist in the Fall. There's likely nothing wrong with the house! It's the market cooling just a bit. Can you even imagine a world where a home could be on the market for 3 weeks? Tragic!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Still available after the weekend and now pushing 3 weeks on the market. What’s up with this place?

People like you are the reason the owners should pull the house off the market and relist in the Fall. There's likely nothing wrong with the house! It's the market cooling just a bit. Can you even imagine a world where a home could be on the market for 3 weeks? Tragic!

PP said they know an offer for over asking was made last week and the sellers refused. Sounds like the realtor and sellers are playing games.

[Anonymous]

Over 3 weeks now this property has sat. It's beautiful, well priced, so looks like they were hoping for a bidding war that just is never going to happen.

[Anonymous]

Why do they have so many giant water bottles? Is there something wrong with the house water?

[Anonymous]

Anonymous wrote:Why do they have so many giant water bottles? Is there something wrong with the house water?

I was also wondering about this. I wonder if they have lead lines leading up to the home or in the home?

[Anonymous]

Off market now. Redfin's inflated estimate now says 1.04. I guess they didn't really need to sell after all.

[Anonymous]

Anonymous wrote:Off market now. Redfin's inflated estimate now says 1.04. I guess they didn't really need to sell after all.

Wow. They aren’t living there so I think they do have to sell. What usually happens now?

[Anonymous]

MDS crass and dreadful. A colleague who lived in Cleveland Park said she actively preyed on the elderly to encourage them to move out of their homes so she could sell them. Shameless self promoter, only value is money.

[Anonymous]

Interesting. I think this is an indicator of what will happen in the cooling market - houses like this will sit, and then sellers will change their minds and take them off the market, rather than drop the price.

I think sellers are more likely to pull their listings and wait it out than take 20% less than they would have gotten 6 months ago. Obviously there are people who need to sell and don't have a choice, but many people don't and can just sit tight.

[Anonymous]

Casual observation, but over time I came to equate her listings with lemons/duds/blighted properties in nice neighborhoods purely based on personal experience going to open houses. I noticed I’m skipping those now (well before, during the house searches). She advertised her services with quotes about herself (unsigned, glowing) very aggressively on the local listserve. That made me feel like I wouldn’t list w her if she paid me

[Anonymous]

I’m aware this is just a personal opinion that’s not based in any scientific fact base, but maybe others react similarly to that kind of advertising. We went with famous agents who never advertise on any list serve or bench, word of mouth and record and won’t take any property

[Anonymous]

Anonymous wrote:Interesting. I think this is an indicator of what will happen in the cooling market - houses like this will sit, and then sellers will change their minds and take them off the market, rather than drop the price.

I think sellers are more likely to pull their listings and wait it out than take 20% less than they would have gotten 6 months ago. Obviously there are people who need to sell and don't have a choice, but many people don't and can just sit tight.

Very interesting

[Anonymous]

Anonymous wrote:Interesting. I think this is an indicator of what will happen in the cooling market - houses like this will sit, and then sellers will change their minds and take them off the market, rather than drop the price.

I think sellers are more likely to pull their listings and wait it out than take 20% less than they would have gotten 6 months ago. Obviously there are people who need to sell and don't have a choice, but many people don't and can just sit tight.

Agree. I was contemplating selling our house but with the market cooling and our ridiculously low interest rate of 2.375 which would be replaced by something close to double that, I think I will just continue learning to like our house. I believe many others will come to the same conclusion and that real estate price drop buyers are hoping for will never happen due to super low inventory.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Interesting. I think this is an indicator of what will happen in the cooling market - houses like this will sit, and then sellers will change their minds and take them off the market, rather than drop the price.

I think sellers are more likely to pull their listings and wait it out than take 20% less than they would have gotten 6 months ago. Obviously there are people who need to sell and don't have a choice, but many people don't and can just sit tight.

Agree. I was contemplating selling our house but with the market cooling and our ridiculously low interest rate of 2.375 which would be replaced by something close to double that, I think I will just continue learning to like our house. I believe many others will come to the same conclusion and that real estate price drop buyers are hoping for will never happen due to super low inventory.

Maybe. Maybe not. A lot depends on where the overall economy goes. There will be a certain number of people who need to sell over time — divorce, death, job transfer, etc. If a recession hits (we may be there already), people lose jobs or have incomes go down and the “need to sell” number goes up. Even one desperate seller can set the “comp” for the neighborhood (I’ve seen it happen). Like we see here, the people who have the most to lose are people who bought flawed houses at the top of the market. The slower the market, the greater the discount for imperfect houses.

[Anonymous]

Thank you for all of your opinions. I am the owner of the house you have such strong opinions about. It’s easy to make bold and thoughtless comments when you’re anonymous. I thought I post this comment to clear up some of your misconceptions and rest your wondering minds:

1. House sat for three weeks because WE (the owners) determine what we are willing to let the house go for. We LOVE our house. We LOVE being on Reno and we LOVE our neighborhood. We have soundproof windows and almost never hear any noise from Reno. We also have never had any break ins, shady people walking around our house or stolen packages, unlike our neighbors on “quiet” streets. We were willing to give up our beautiful house and relocate if the sale price made it worthwhile. We had multiple offers over list price that we rejected and ultimately decided that we love our house too much to give it away.

2. For those of you complaining about the size versus price: you obviously have different priorities. The reality is that you cannot get a large, (non-builder-grade) remodeled house, with a completely private rental unit, driveway with space for two SUVs, storage, fenced patio, and new roof in North Cleveland Park under $1.5m. Everyone values things differently. Our house is perfect for our family and we wouldn’t change a thing about it. We have no reason to sell it at a price less than it’s value to us.

3. For inquiring minds: there is nothing wrong with the pipes. We drinks a lot of water. We prefer spring water. And we forgot to cancel our large bi-monthly delivery order while we were out of the house getting it ready to go on the market. The water was delivered just before the house was listed. And also, yes, we ARE and WERE living in the house and certainly not desperate to sell.

4. Marjorie is a great agent. She is tough but she is honest. She doesn’t play games. The market is what the market is. Until a week before we listed, the market was in a ridiculous bidding war frenzy. Market has slowed. This is because interest rates have been rising. This affects buying power.

Thank you to posters with kind comments and legitimate questions. For everyone else, I hope you find something more satisfying and productive to do with your time than troll message boards and slander a community professional.